Ann: Letter to Shareholders & Notice of Annual General Meeting, page-113

The audit report and financial statements are qualified on the basis that there is uncertainty as to the company continuing as a going concern. This is due to the cash burn. The company has $4.298 mil as at 30/6/21. The outflows for the 2021 year were $5.558 mil. At that rate of cash outflows , the cash would be used up during the 2022 year. So it is likely that another capital raise will be made in the near future. This is not unusual for a small tech company like this to keep raising capital to support its ongoing attempts to commercialise.
The directors & management will hopefully provide shareholders with positive updates leading up to the AGM. Looking forward to a 'technical update' , hopefully today that will indicate to shareholders that the business is heading towards commercialisation of the technology and give some assurance that it will continue as a going concern.